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Re: Living Stingy post on ERE

Posted: Mon Jun 06, 2016 11:03 am
by cmonkey
Nyioves wrote:And makes the case that 7000 bucks / year is very difficult to pull off....

... Theoretically it is possible but why bother?
You want itemized, take a look at my journal, its detailed. Not counting our temporary renovation expenses my wife and I average ~14K per year in expenses, or 7K per year each. It's not that hard to do, I haven't even thought about it. I really don't think anyone should try to achieve 7K per year just for the hell of it. It should be something you achieve as a side affect of optimizing your life so as to just not spend money. That's how we do it.

You should also note that this doesn't mean jacob (or I for that matter) actually have outflows of 7K per year. If you have inflows of 5K (hobby, selling stuff, etc.) and outflows of 12K........it's still living on 7K per year. Just different accounting but the end result is the same - 7K in expenses annually.

Re: Living Stingy post on ERE

Posted: Mon Jun 06, 2016 2:42 pm
by Spartan_Warrior
Welcome to the forum, Rob. ;)

Re: Living Stingy post on ERE

Posted: Tue Jun 07, 2016 1:44 am
by Did
cmonkey wrote: You should also note that this doesn't mean jacob (or I for that matter) actually have outflows of 7K per year. If you have inflows of 5K (hobby, selling stuff, etc.) and outflows of 12K........it's still living on 7K per year. Just different accounting but the end result is the same - 7K in expenses annually.


What Jacob spends in a year is no concern of mine, but I did understand that his 7k figure was how much he actually spent. His inflows, according to his posts, exceed his pre FIRE income. I doubt his outflows do!

Re: Living Stingy post on ERE

Posted: Tue Jun 07, 2016 7:48 am
by Gilberto de Piento
FYI: One technique covered in blogging for profit 101 is to write a post attacking a bigger blogger in the same space. It creates drama and ideally gets a response post from the attacked blogger and others. It falls under the "there's no such thing as bad publicity" theory of marketing. Don't feed the troll.

Re: Living Stingy post on ERE

Posted: Tue Jun 07, 2016 9:16 pm
by Nyioves
@Gilberto

Too bad Living Stingy isn't a monetized blog. And I have no dog in this hunt. I never met/ don't know Robert / don't really care...

Re: Living Stingy post on ERE

Posted: Wed Jun 08, 2016 6:55 am
by Gilberto de Piento
Too bad Living Stingy isn't a monetized blog.
In Blogging 102 they tell you not to monetize your personal blog until you have significant traffic. Sounds like he's following the playbook.

I'm done talking to you, whoever you are.